Earnings/Financial Reports
DULUTH, Ga. (BRAIN) — Following the sale of its Marucci business and the resignation of longtime CEO Mike Dennison, Fox Factory reported its sales were down 3.7% through the first three fiscal quarters of the year and 10.1% in the third quarter.
Malmö, SWEDEN ( BRAIN) — Swedish hydration pack and accessory maker USWE is reporting first-half sales of SEK62.8 million ($6.4 million), down 11% from the first half last year.
USWE's currency-adjusted organic growth for the period was -4%, compared to 24% growth in the period last year.
OLATHE, Kan. (BRAIN) — Garmin recorded record consolidated revenue in the third quarter with a 12% year-over-year increase. Its Fitness segment, which includes cycling products, posted a 16% rise in revenue.
OSAKA, Japan (BRAIN) — Shimano’s bicycle component sales increased 4.6% to ¥278.4 billion ($1.76 billion) in the first nine months of the company’s fiscal years while operating income in the division increased 10.9% over the period.
STOCKHOLM (BRAIN) — Thule Group's third-quarter net sales grew 3% year-over-year despite a continued sluggish North America market.
STOCKHOLM (BRAIN) — Led in part by the 12th consecutive quarter of growth in its Sports sub-category, MIPS' net sales increased 59% year-over-year in the third quarter.
EL PASO, Texas (BRAIN) — Led by a surge in travel and lifestyle pack demand in the second quarter, Osprey and Hydro Flask parent Helen of Troy reported an overall 2.1% year-over-year net sales increase.
TAIPEI, Taiwan (BRAIN) — Taiwan’s three publicly traded bike manufacturers had wildly varying August results, according to Operating Revenue Reports filed with the Taipei stock exchange on Thursday.
SHENZHEN, China (BRAIN) — Dahon reported first-half revenue increased 53.7% year-over-year in the first full year of the folding bike brand's listing of shares on the Hong Kong Stock Exchange.
PITTSBURGH (BRAIN) — Dick's Sporting Goods net sales increased 53% year-over-year in the second quarter, boosted in part from its acquisition of Foot Locker last September.
TAIPEI, Taiwan (BRAIN) — Two more of Taiwan's publicly traded bike manufacturers are reporting some mixed financial news, following Giant Group's announcement that its profits jumped in the second quart
CAPE TOWN, South Africa (BRAIN) — Leatt Corporation's direct-to-consumer sales increased significantly in the second quarter, resulting in a 1% year-over-year revenue gain, as the bike and moto protection brand plans to enter a new market category.
SAN MATEO, Calif. (BRAIN) — Founder and CEO Nicholas Woodman said GoPro is in the "later stages of the process" to sell or merge the financially struggling company. Woodman spoke Monday during the company's second-quarter earnings call, when GoPro announced revenue declined 31% year-over-year.
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